Stephens & Co. Maintains Overweight on Preferred Bank, Raises Price Target to $68
Portfolio Pulse from richadhand@benzinga.com
Stephens & Co. analyst Andrew Terrell maintains an Overweight rating on Preferred Bank (NASDAQ:PFBC) and raises the price target from $64 to $68.
July 21, 2023 | 1:01 pm
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Preferred Bank's price target has been raised from $64 to $68 by Stephens & Co. The bank maintains an Overweight rating.
The raised price target indicates the analyst's increased confidence in the bank's performance. This could lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100